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Bitcoin and Ethereum prices fell as expectations for a 25 basis point Fed rate hike in September rose to 66.4%.
At 8:19 AM ET on September 1, Bitcoin's price fell to $77,945.97, and Ethereum's price dropped to $2,454.23. CME Group's FedWatch Tool shows that the probability of the Federal Reserve raising interest rates by 25 basis points later this month has risen to 66.4%, compared to just 39.6% last week. Analysts believe that the war in Iran has led to an increase in oil prices, exacerbating inflation concerns and interest rate hike expectations, thereby putting pressure on cryptocurrency prices.
Source：Yahoo财经 · Source Link
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